Capital Investment Advisory Services LLC Takes Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Capital Investment Advisory Services LLC bought a new stake in Shenandoah Telecommunications (NASDAQ:SHEN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the utilities provider’s stock, valued at approximately $252,000.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Shenandoah Telecommunications by 211.9% during the 3rd quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock valued at $1,493,000 after acquiring an additional 71,868 shares during the last quarter. Barclays PLC increased its position in Shenandoah Telecommunications by 339.4% during the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock worth $1,131,000 after purchasing an additional 61,910 shares during the last quarter. Jane Street Group LLC raised its stake in Shenandoah Telecommunications by 101.2% during the third quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider’s stock worth $1,350,000 after purchasing an additional 48,127 shares during the period. Intech Investment Management LLC acquired a new position in shares of Shenandoah Telecommunications in the 3rd quarter valued at $1,113,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Shenandoah Telecommunications during the 3rd quarter valued at $678,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Stock Performance

NASDAQ SHEN opened at $10.80 on Friday. The business’s 50-day simple moving average is $12.52 and its 200-day simple moving average is $14.29. The firm has a market capitalization of $589.70 million, a P/E ratio of 2.78 and a beta of 0.63. Shenandoah Telecommunications has a 1-year low of $10.42 and a 1-year high of $22.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%. The business had revenue of $87.60 million for the quarter, compared to analysts’ expectations of $88.80 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities analysts predict that Shenandoah Telecommunications will post -0.41 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Wednesday, November 13th.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.